Dell CEO sold another 10 million shares of the company's stock in September, worth about $1.22 billion

Odaily Odaily News: Michael Dell, founder and CEO of technology company Dell Technologies, sold 10 million shares of the company's stock, worth about $1.22 billion, in the second large-scale sale in September. A document submitted to the US SEC on September 30 showed that after Dell sold the 10 million shares, it still held more than 16.91 million shares of the company's stock at press time, worth more than $2 billion. This is Dell's second sell-off in a month. Just a few days ago, on September 23, it disclosed that it sold 10 million shares of the company's stock through seven transactions between September 19 and September 23, worth about $1.17 billion. Google Finance data shows that Dell Technologies' stock price has risen 58.5% this year. The rise enabled it to rejoin the S&P 500 index, which tracks the 500 largest listed companies in the United States, on September 24. It is not clear why Dell sold such a large number of company shares, but traders have not yet reacted to Dell's selling. On September 30, Dell's stock price fell only 0.33% in after-hours trading, and rose 0.74% in the past five trading days. (Cointelegraph) Earlier in July, Michael Dell forwarded a video of BlackRock co-founder and CEO Larry Fink's interview with CNBC on the X platform, and called Bitcoin fascinating (Fascinating Bitcoin). Larry Fink said that his view on Bitcoin five years ago was wrong, and reiterated that Bitcoin is digital gold and called it a legitimate financial instrument.